Электроэнергетика

On August 8, the electricity distribution company Odesaoblenergo [ODEN UZ] failed once again to hold an EGM to approve the results of the three-fold additional share issue initiated by the major shareholder VS Energy.

National Electricity Regulatory Commission (NERC) approved an increase of DTEK’s Vostokenergo power block # 9 at Lugansk TPP by 25 MW due to its reconstruction.

Due to artificially low heat distribution tariffs Kyivenergo [KIEN] may suffer USD 80 mln net loss by the end of 2008.

Electricity production in Ukraine for the 7M08 increased 2.5% reaching 115 bln kWh.

Electricity distribution company, Prykarpattiaoblenergo [PREN], announced that amount needed to compensate the damage of electricity lines caused by heavy rainfall and flooding in the western part of Ukraine is estimated at USD 5 mln.

According to the National Electricity Regulatory Commission, industrial electricity tariffs will see a 4.6% increase for small industrial consumers and a 3.9% increase for large industrial consumers in August 2008.

The electricity generation company Centrenergo [CEEN UZ] reported on its 1H08 financials. Net sales increased 41% YoY, amounting to USD 407 mln.

Electricity generation companies Dniproenergo [DNEN UZ] and Zakhidnergo [ZAEN UZ] reported its 2Q08 financials.

Electricity generation company, Donbasenergo [DOEN UZ], reported improved financials for 2Q08. Net sales went up 45% YoY, gross profit increased by 20% YoY improving gross profit margin from 12.4% to 15% YoY.

The wholesale electricity price in Ukraine is expected to increase 41% YoY by the end of 2008, reaching USD 81 per MWh.